Editing Vulcan Real Estate

{{Short description|American holding company based in Seattle}}
{{About|the holding company founded by Paul Allen|other companies|Vulcan (disambiguation)}}
{{Use mdy dates|date=December 2018}}
{{Infobox company
| name = Vale Group LLC
| trade_name = Vulcan Real Estate
| former_names = {{ubl|Vulcan Northwest|Vulcan Inc.}}
| logo = Vulcan Real Estate logo.svg
| image = Vulcan Inc. Headquarters.tif
| image_caption = Headquarters in Seattle {{circa}} 2015
| logo_size = 200px
| type = [[Privately held company|Private]]
| founded = {{start date and age|1986}}<ref>{{cite web|url=http://www.vulcan.com/About|title=About - Vulcan|work=vulcan.com|access-date=September 23, 2016|archive-url=https://web.archive.org/web/20180809120611/http://www.vulcan.com/About|archive-date=August 9, 2018|url-status=dead}}</ref><!--incorporated in Washington on January 8, 1991-->
| founders = {{unbulleted list|[[Paul Allen]]|[[Jody Allen]]<ref>{{cite news |last1=Day |first1=Matt |last2=Roberts |first2=Paul |last3=Romano |first3=Benjamin |title=Paul Allen’s death leaves many questions around what’s likely the largest estate in Washington history |url=https://www.seattletimes.com/business/paul-allens-death-leaves-many-questions-around-whats-likely-the-largest-estate-in-washington-history/ |access-date=March 3, 2024 |work=The Seattle Times |date=October 17, 2018}}</ref>}}
| hq_location_city = [[Seattle, Washington]]
| hq_location_country = United States
| key_people = {{ubl|[[Bill Hilf]] ([[CEO]])|Jody Allen ([[chairwoman]])<ref>{{cite news |last1=Doughton |first1=Sandi |title=Vulcan, Allen Foundation donate $700,000 for Seattle-area coronavirus response |url=https://www.seattletimes.com/seattle-news/vulcan-allen-foundation-donate-700000-for-seattle-area-coronavirus-response/ |access-date=March 3, 2024 |work=The Seattle Times |date=March 20, 2020}}</ref>}}
| area_served = Worldwide
| industry = [[Philanthropy]], [[Entertainment]], [[Technology]], [[Investments]], [[Real Estate]], [[Spaceflight]], [[Arts]]
| method = 
| revenue = 
| endowment = 
| num_employees = ≈700 <small>(mid-2019)</small>
| owner = Estate of Paul Allen
| homepage = {{URL|http://vulcanrealestate.com|vulcanrealestate.com}}
}}
'''Vale Group LLC''', [[doing business as]] '''Vulcan Real Estate''', is an American private [[holding company]] based in [[Seattle, Washington]].<ref name="Bloomberg">[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22166558 Company Overview of Vulcan Inc.] {{Webarchive|url=https://web.archive.org/web/20190107124334/https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22166558 |date=January 7, 2019 }}, ''[[Bloomberg News|Bloomberg]]''</ref> The company was founded as '''Vulcan Inc.''' in 1986 by [[Microsoft]] co-founder [[Paul Allen]] and his sister [[Jody Allen]]<ref>{{Cite web|title=Vulcan Real Estate won't collect April rent from small tenants|url=https://www.bizjournals.com/seattle/news/2020/03/27/vulcan-real-estate-wont-collect-april-rent-from.html|access-date=2020-11-03|website=www.bizjournals.com}}</ref> to establish and oversee the family's diverse business activities and philanthropic endeavors. It includes the Paul G. Allen Estate and Trust and advises the [[Paul G. Allen Family Foundation]].

==History==

'''Vulcan Northwest''' was formed in [[Bellevue, Washington]] in 1986 to manage the business affairs, investments, and philanthropic affairs of [[Paul Allen]]. The company initially had a [[Pacific Northwest]] focus.<ref name=seattletimes1998313>{{cite news |url=https://archive.seattletimes.com/archive/19980313/2739413/paul-allen-to-move-headquarters-of-vulcan-northwest-downtown |title=Paul Allen To Move Headquarters Of Vulcan Northwest Downtown |author=Lee Moriwaki |date=13 March 1998 |work=[[Seattle Times]] |access-date=23 September 2016 |archive-url=https://web.archive.org/web/20160304084429/http://community.seattletimes.nwsource.com/archive/?date=19980313&slug=2739413 |archive-date=March 4, 2016 |url-status=live }}</ref>
The company's headquarters moved from Bellevue to [[Seattle]] in 1998. In 2001, they dropped "Northwest" from the company name to reflect growing global ventures.<ref name=seattletimes1998313/>

In 2010, the [[Green Sports Alliance]] was conceived and founded by Vulcan Inc. and the Natural Resources Defense Council. Inaugural members and partners included Vulcan ventures such as the [[Seattle Seahawks]], [[Portland Trail Blazers]], and [[Seattle Sounders FC]]. Green Sports Alliance Members made a variety of commitments to improve their environmental performance such as reducing waste, conserving energy and water, and eliminating toxic chemicals.<ref>{{cite news |url=https://www.triplepundit.com/story/2019/un-framework-rallies-global-sports-sector-behind-climate-action/83371 |title=This U.N. Framework Rallies the Global Sports Sector Behind Climate Action |work=TriplePundit  |date=3 May 2019 |access-date=17 September 2019 }}</ref><ref>{{cite web|url=http://greensportsalliance.org/about/|title=ABOUT -|work=greensportsalliance.org|access-date=November 12, 2014|archive-url=https://web.archive.org/web/20141112013115/http://greensportsalliance.org/about/|archive-date=November 12, 2014|url-status=live}}</ref>{{full citation needed|date=September 2019}}

Following Paul Allen's death in 2018, Vulcan co-executive Jody Allen—who also serves as the estate's [[executor]] and trustee—has taken the lead strategic role at Vulcan.  This has included instigating a process to assess the various Vulcan projects and enterprises based on either profit or philanthropic impact.  Vulcan had approximately 700 employees as of mid-2019, and in October 2019 was reducing some of those positions.<ref name=gw20191009>[https://www.geekwire.com/2019/paul-allens-vulcan-holding-company-cutting-jobs-sources-say/ https://www.geekwire.com/2019/paul-allens-vulcan-holding-company-cutting-jobs-sources-say/].</ref>

As of 2024, Vulcan LLC is now called Vale Group.<ref>{{Cite web |title=Vale Group {{!}} LinkedIn |url=https://www.linkedin.com/company/vale-group-llc |access-date=2024-01-30 |website=www.linkedin.com |language=en}}</ref> 

==Areas of focus==

===Vulcan Real Estate===
Vulcan's Real Estate division offers development and portfolio management services from site selection and urban planning to build-to-suit construction. Vulcan has developed 6.6 million square feet of new residential, office, retail and [[biotechnology]] research space and has a total development capacity of 10,000,000 square feet (930,000 m2).<ref>{{cite web|url=http://realestate.vulcan.com/about-us.html|title=About Us - Vulcan Real Estate|last=ifthen.com|work=vulcan.com|access-date=September 23, 2016|archive-url=https://web.archive.org/web/20160304105954/http://realestate.vulcan.com/about-us.html|archive-date=March 4, 2016|url-status=live}}</ref>

Vulcan Real Estate redeveloped the [[South Lake Union, Seattle|South Lake Union]] neighborhood north of downtown Seattle and along the south shore of [[Lake Union]]. More than $5.7 billion has been invested in the neighborhood since 2002 for development projects and public infrastructure improvements.{{citation needed|date=October 2019}}

Vulcan advocated for the Seattle Streetcar line known as [[South Lake Union Streetcar]], which runs from Seattle's [[Westlake Center]] to the south end of Lake Union.<ref name=seattletimes20180907>{{cite web |url=https://www.seattletimes.com/seattle-news/transportation/seattles-long-history-with-streetcars-horse-drawn-cars-crushing-debt-and-competition-from-automobiles/ <!-- http://seattletimes.com/html/localnews/2019227494_amazon22m.html --> |title=How did we get here? A look back at Seattle's Center City Connector and streetcar history |work=[[Seattle Times]] |date=7 September 2018 |access-date=17 September 2019 |archive-url=https://web.archive.org/web/20190414030443/https://www.seattletimes.com/seattle-news/transportation/seattles-long-history-with-streetcars-horse-drawn-cars-crushing-debt-and-competition-from-automobiles/ |archive-date=April 14, 2019 |url-status=live }}</ref> The streetcar officially started operation on December 12, 2007. This development has been criticized as a city-supported real estate investment for Vulcan Inc.,<ref>{{cite web|url=http://www.seattlepi.com/news/article/Venture-Capital-Airplanes-to-antibodies-1133606.php|title=Venture Capital: Airplanes ... to antibodies|work=seattlepi.com|access-date=February 7, 2015|archive-url=https://web.archive.org/web/20150207030822/http://www.seattlepi.com/news/article/Venture-Capital-Airplanes-to-antibodies-1133606.php|archive-date=February 7, 2015|url-status=live}}</ref><ref name=seattletimes20180907/> and concerns over the loss of [[low-income housing]] have been expressed.{{Citation needed|date=November 2018}}.

In 2012, ''[[The Wall Street Journal]]'' called Allen's South Lake Union investment "unexpectedly lucrative" and one that led to his firm selling a 1,800,000 square feet (170,000 m2) office complex to [[Amazon.com]] for US$1.16 billion, one of the most expensive office deals ever in Seattle.<ref>{{cite web|url=http://www.bizjournals.com/seattle/blog/2012/10/amazon-to-pay-116b-for-11-seattle.html?page=all|title=Amazon to pay Vulcan $1.16B for headquarters campus in South Lake Union - Puget Sound Business Journal|date=October 5, 2012|work=Puget Sound Business Journal|access-date=February 7, 2015|archive-url=https://web.archive.org/web/20150207034458/http://www.bizjournals.com/seattle/blog/2012/10/amazon-to-pay-116b-for-11-seattle.html?page=all|archive-date=February 7, 2015|url-status=live}}</ref> "It's exceeded my expectations," Mr. Allen said of the South Lake Union development.<ref>{{Cite news|last=Brown|first=Eliot|date=2012-11-14|title=Microsoft Co-Founder Succeeds in Seattle|language=en-US|work=Wall Street Journal|url=https://online.wsj.com/article/SB10001424127887324595904578117203718713518.html|access-date=2020-11-03|issn=0099-9660}}</ref> The company also developed a five-building complex for [[Google]] near [[Lake Union Park]] that is planned to open in stages between 2019 and 2022.<ref>{{cite news |last=Khashimova Long |first=Katherine |date=October 3, 2019 |title=Google unveils first of five South Lake Union offices, cheek by jowl with Amazon |url=https://www.seattletimes.com/business/real-estate/google-unveils-first-of-five-south-lake-union-offices-cheek-by-jowl-with-amazon/ |work=The Seattle Times |access-date=October 3, 2019}}</ref> In late February 2022, Vulcan Real Estate sold the two-block, four building Google campus overlooking Seattle's Lake Union for $802 million, a price of $1,260 per square foot that's believed to set a new record for the city's office market.<ref>{{cite news |last=Bishop |first=Todd |date=February 24, 2022 |title=Google's Seattle waterfront campus sells for record price in sign of confidence in tech office market |url=https://www.geekwire.com/2022/googles-seattle-waterfront-campus-sells-for-record-price-in-sign-of-long-term-confidence-in-tech-office-market/ |work=GeekWire |access-date=February 24, 2022}}</ref>

In September 2014, Vulcan made a commitment to invest $200 million at [[Yesler Terrace, Seattle|Yesler Terrace]] where it would purchase three land parcels from the [[Seattle Housing Authority]] as part of an ambitious redevelopment plan for the 30-acre low-income housing site located southeast of downtown Seattle.<ref>{{cite web|url=http://www.seattlepi.com/realestate/article/Vulcan-to-buy-three-blocks-in-Yesler-Terrace-5821893.php|title=Vulcan to buy three blocks in Yesler Terrace|work=Seattle Post-Intelligencer|access-date=February 7, 2015|archive-url=https://web.archive.org/web/20150207031231/http://www.seattlepi.com/realestate/article/Vulcan-to-buy-three-blocks-in-Yesler-Terrace-5821893.php|archive-date=February 7, 2015|url-status=live}}</ref>

==== The Hospital Club ====
In 2002, Paul Allen reopened the doors of the old St. Paul's Hospital in London's Covent Garden neighborhood, revealing a new 60,000-square-foot creative hub, providing a professional and social hub to those working in the film, television, music, advertising, contemporary art and design, publishing and journalism, interactive media, theatre and fashion industries.<ref>{{cite web|url=http://www.thehospitalclub.com/|title=The Hospital Club|work=thehospitalclub.com|access-date=November 25, 2014|archive-url=https://web.archive.org/web/20141124042142/http://www.thehospitalclub.com/|archive-date=November 24, 2014|url-status=live}}</ref>

==== Museums ====

*The '''[[Flying Heritage & Combat Armor Museum]]''' displays Paul G. Allen's collection of rare military aircraft, tanks and other military hardware from the United States, Germany, Japan, Russia, and the United Kingdom. The Collection opened to the public in 2004 at the [[Arlington, Washington]] airfield, moving in 2008 to a hangar at Paine Field in [[Everett, Washington]].<ref name="Vulcan">{{Cite web |url=https://www.vulcan.com/Areas-of-Practice/Museums-Culture/Key-Initiatives/Flying-Heritage-Collection |title=Flying Heritage & Combat Armor Museum, Vulcan |access-date=January 7, 2019 |archive-url=https://web.archive.org/web/20190107072440/https://www.vulcan.com/Areas-of-Practice/Museums-Culture/Key-Initiatives/Flying-Heritage-Collection |archive-date=January 7, 2019 |url-status=live }}</ref> Several weeks after Allen's death in 2018, the museum opened a larger hangar to preserve related stories.<ref name="HeraldNet">Caleb Hutton, November 18, 2018, [https://www.heraldnet.com/news/vintage-war-machines-live-on-at-paul-allens-flying-heritage/ Vintage war machines live on at Paul Allen’s Flying Heritage] {{Webarchive|url=https://web.archive.org/web/20190107072432/https://www.heraldnet.com/news/vintage-war-machines-live-on-at-paul-allens-flying-heritage/|date=January 7, 2019}}, ''[[HeraldNet]]''</ref>
*The '''[[Living Computers: Museum + Labs]]''' (LCM+L)  Is a computer and technology museum located in the [[SoDo, Seattle|SoDo]] neighborhood of Seattle, Washington. LCM+L (originally known as Living Computer Museum, and before that, PDPplanet.com) was founded by Paul Allen, on January 9, 2006.
*The '''[[Museum of Pop Culture]]''', or MoPOP (previously called EMP Museum), Is a nonprofit museum dedicated to contemporary popular culture. It was founded by Paul Allen in 2000 as the Experience Music Project. Since that time MoPOP has organized dozens of exhibits, 17 of which have toured across the US and internationally.
*The '''Seattle Art Fair''' displays modern and contemporary art and is a showcase for the arts community of the Pacific Northwest.
*The SIFF Cinema Downtown, previously named the '''[[Seattle Cinerama]]''', is a [[downtown Seattle]] theater with a large screen. It was remodeled in 2014 to allow for more projection methods,<ref>{{Cite web|url=https://www.thestranger.com/seattle/if-the-new-cinerama-cant-save-movie-theaters-nothing-can/Content?oid=21044715|title=If the New Cinerama Can't Save Movie Theaters, Nothing Can|last=Mudede|first=Charles|website=The Stranger|language=en|access-date=October 30, 2018|archive-url=https://web.archive.org/web/20181030205850/https://www.thestranger.com/seattle/if-the-new-cinerama-cant-save-movie-theaters-nothing-can/Content?oid=21044715|archive-date=October 30, 2018|url-status=live}}</ref> and remodeled again, reopening in December 2023.
*The '''Upstream Music Fest + Summit''' is a three-day music festival.

===Vulcan Sports and Entertainment===
Established in 2007, Vulcan Sports and Entertainment (VSE) provides strategic oversight for Allen's professional sports franchises including the [[Portland Trail Blazers]], the [[Seattle Seahawks]] and manages [[Lumen Field]], [[WaMu Theater]], the [[Moda Center]] and [[Veterans Memorial Coliseum (Portland, Oregon)]]. In the fall of 2018, Chris McGowan was named [[CEO]] of Vulcan Sports and Entertainment after [[Peter McLoughlin]] left the Seahawks.<ref>{{Cite news|url=https://www.seattletimes.com/sports/seahawks/seahawks-announce-peter-mcloughlin-out-as-team-president-replaced-by-chuck-arnold/|title=Peter McLoughlin out as Seahawks president and CEO in organizational restructuring|date=September 24, 2018|work=The Seattle Times|access-date=October 30, 2018|language=en-US|archive-url=https://web.archive.org/web/20181031052908/https://www.seattletimes.com/sports/seahawks/seahawks-announce-peter-mcloughlin-out-as-team-president-replaced-by-chuck-arnold/|archive-date=October 31, 2018|url-status=live}}</ref>

===Research===

Both the [[Allen Institute for Brain Science]] and the [[Allen Institute for Artificial Intelligence]] were incubated at Vulcan Inc. 
Started at Vulcan Inc. in 2001, the [[Allen Brain Atlas]] project sought to understand the connections between genes and brain functioning. From the project's research, Paul Allen created the Allen Institute for Brain Science in 2003 with a $100 million donation.<ref>{{Cite news|url=https://www.forbes.com/sites/arleneweintraub/2017/10/25/paul-allen-just-made-his-biggest-step-yet-to-map-the-human-brain/|title=Paul Allen Just Made His Biggest Step Yet To Map The Human Brain|last=Weintraub|first=Arlene|work=Forbes|access-date=June 20, 2018|language=en|archive-url=https://web.archive.org/web/20180620232842/https://www.forbes.com/sites/arleneweintraub/2017/10/25/paul-allen-just-made-his-biggest-step-yet-to-map-the-human-brain/|archive-date=June 20, 2018|url-status=live}}</ref>

Project Halo came next. The project ran from 2002 to 2013, with the goal of creating a "digital [[Aristotle]]" that can correctly answer queries about scientific information, using [[artificial intelligence]]. The project led to a number of spinoff technologies, including the [[wiki software]] bundle SMW+, the Semantic Inferencing on Large Knowledge (SILK) project<ref>{{cite web|url=http://silk.semwebcentral.org/|title=The SILK Project: Semantic Inferencing on Large Knowledge|work=semwebcentral.org|access-date=May 23, 2011|archive-url=https://web.archive.org/web/20110227055743/http://silk.semwebcentral.org/|archive-date=February 27, 2011|url-status=live}}</ref> and the Automated User-Centered Reasoning and Acquisition System (AURA).<ref>{{cite web|url=http://www.ai.sri.com/project/aura|title=Automated User-Centered Reasoning and Acquisition System|work=[[Artificial Intelligence Center]]|publisher=[[SRI International]]|access-date=June 13, 2013|archive-url=https://web.archive.org/web/20130519165339/http://www.ai.sri.com/project/aura|archive-date=May 19, 2013|url-status=live}}</ref> From Project Halo's results, the Allen Institute for Artificial Intelligence was created.<ref>{{cite web|url=https://www.theverge.com/2013/10/24/4863414/paul-allen-and-artificial-intelligence-etzioni|title=Paul Allen and the Machines: teaching the next generation of artificial intelligence|first=Russell|last=Brandom|date=October 24, 2013|work=theverge.com|access-date=September 23, 2016|archive-url=https://web.archive.org/web/20161225050404/http://www.theverge.com/2013/10/24/4863414/paul-allen-and-artificial-intelligence-etzioni|archive-date=December 25, 2016|url-status=live}}</ref>

=== Vulcan Productions ===
[[Vulcan Productions]] produces films, digital programs and outreach initiatives. Its programs have won awards including the [[George Foster Peabody Award]], the [[Emmy Award]], and the [[Grammy Award]].<ref name="Vulcan Productions">{{cite web|url=http://www.vulcanproductions.com/|title=Vulcan Productions|work=vulcanproductions.com|access-date=November 25, 2014|archive-url=https://web.archive.org/web/20141218145355/http://vulcanproductions.com/|archive-date=December 18, 2014|url-status=usurped}}</ref> Vulcan Productions closed in 2021.

===Technology===
Vulcan Inc. has also directly led some technology projects.

In 2003, Vulcan began developing the [[Vulcan FlipStart]], a [[subnotebook]] with a 5.6-inch screen. The company began to manufacture and sell the FlipStart in March 2007, and ceased production in May 2008.<ref>[https://www.engadget.com/2008/05/04/is-flipstart-closing-up-shop/ Is FlipStart closing up shop?] {{Webarchive|url=https://web.archive.org/web/20160816181554/https://www.engadget.com/2008/05/04/is-flipstart-closing-up-shop/|date=August 16, 2016}}, Joshua Topolsky, ''[[Engadget]]'', May 4, 2008</ref>

Vulcan Spectrum, a branch of Vulcan Inc., participated in the [[United States 2008 wireless spectrum auction]], and paid {{USD|69 million}} for "A Block" spectrum in the [[Seattle metropolitan area|Seattle-Tacoma-Bremerton area]], and {{USD|43.6 million}} for "A Block" spectrum in [[Portland metropolitan area|Portland]]-[[Salem, Oregon|Salem]].<ref>{{cite web |title=Verizon Gets the "C" Block - dailywireless.org |url=http://www.dailywireless.org/2008/03/20/verizon-gets-the-c-block/ |url-status=live |archive-url=https://web.archive.org/web/20080324235742/http://www.dailywireless.org/2008/03/20/verizon-gets-the-c-block/ |archive-date=March 24, 2008 |access-date=April 5, 2008 |work=dailywireless.org}}</ref>{{update after|2019|9|17}}<!-- so what happened with all this spectrum? -->

'''Vulcan Aerospace'''<!-- bolded per [[WP:MOSBOLD]] as a redirect target --> is<!-- or, "was"; not clear. An editor previously removed this saying it was no more; but have not been able to find a source.  Either way, Wikipedia is not a newspaper and should not lose the history. --> a subsidiary of Vulcan Inc. set up in 2015 to help achieve Paul Allen's desire to make commercial space travel more convenient and less expensive.<ref>{{cite web|url=http://www.space.com/29117-vulcan-aerospace-paul-allen-private-spaceflight.html|title=Paul Allen Launches 'Vulcan Aerospace' to Boost Private Space Travel|work=space.com|access-date=23 September 2016|archive-url=https://web.archive.org/web/20151107180319/http://www.space.com/29117-vulcan-aerospace-paul-allen-private-spaceflight.html|archive-date=November 7, 2015|url-status=live}}</ref> Vulcan Aerospace oversaw the development of [[Stratolaunch Systems]] project, an [[air launch to orbit|air launch system]] being developed 2010–2019 to transport payloads to low Earth orbit using a large [[carrier aircraft]].<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2015-04-13/paul-allen-wants-path-to-space-to-start-on-world-s-biggest-plane|title=Paul Allen Wants Path to Space to Start on World's Biggest Plane|first=Julie|last=Johnsson|date=13 April 2015|access-date=23 September 2016|via=www.bloomberg.com|archive-url=https://web.archive.org/web/20160924015403/http://www.bloomberg.com/news/articles/2015-04-13/paul-allen-wants-path-to-space-to-start-on-world-s-biggest-plane|archive-date=September 24, 2016|url-status=live}}</ref> In 2016, initial test flights were projected to take place as early as 2016.<ref name="stratolaunch.com">{{cite web|url=http://www.stratolaunch.com/news.html|title=Vulcan Aerospace|work=stratolaunch.com|access-date=23 September 2016|archive-url=https://web.archive.org/web/20150206004659/http://stratolaunch.com/news.html|archive-date=February 6, 2015|url-status=live}}</ref>
In September 2016, Vulcan Aerospace President [[Chuck Beames]] left his role leading the effort and was replaced by an interim executive director: "[[Jean Floyd]], the CEO of Vulcan’s Stratolaunch Systems."<ref>{{cite web|url=http://www.geekwire.com/2016/charles-beames-leaves-top-post-vulcan-aerospace-jean-floyd-expands-role/|title=Internal email: Paul Allen's top space exec Chuck Beames leaving Vulcan Aerospace|date=23 September 2016|work=geekwire.com|access-date=23 September 2016|archive-url=https://web.archive.org/web/20160924040745/http://www.geekwire.com/2016/charles-beames-leaves-top-post-vulcan-aerospace-jean-floyd-expands-role/|archive-date=September 24, 2016|url-status=live}}</ref>{{update after|2017|8|31}}
Although the super-sized Stratolaunch carrier aircraft first flew on April 13, 2019, at the [[Mojave Air and Space Port]] in a 2 h 29 min flight,<ref name=flightglobal20190413/><ref>{{cite news|url= https://g1.globo.com/mundo/noticia/2019/04/14/maior-aviao-do-mundo-decola-na-california-envergadura-e-maior-que-campo-de-futebol.ghtml|title=Maior avião do mundo decola na Califórnia|date= 13 April 2019|work=G1|language=pt}}</ref>
Vulcan announced in May 2019 that the company would cease operations.<ref name="reuters.com">{{cite web|url=https://www.reuters.com/article/us-space-exploration-stratolaunch-exclus-idUSKCN1T12FD|title=Exclusive: Space firm founded by billionaire Paul Allen closing...|date=June 1, 2019|access-date=June 1, 2019|via=www.reuters.com}}</ref> 
The assets of Stratolaunch, including all [[intellectual property]] and the {{convert|385|ft}}-wingspan [[Scaled Composites Stratolaunch|carrier aircraft]]—"the world’s largest aircraft to fly"<ref name=flightglobal20190413>{{cite news|url= https://www.flightglobal.com/news/articles/pictures-stratolaunch-becomes-worlds-largest-aircr-457453/|title= Stratolaunch becomes world's largest aircraft to fly|date= 13 April 2019|work= Flightglobal|access-date= April 14, 2019|archive-url= https://web.archive.org/web/20190414071438/https://www.flightglobal.com/news/articles/pictures-stratolaunch-becomes-worlds-largest-aircr-457453/|archive-date= April 14, 2019|url-status= live}}</ref>—were put up for sale for {{USD|400 million}} in June 2019.<ref name=cnbc20190614>{{cite web|url=https://www.cnbc.com/2019/06/14/vulcan-selling-stratolaunch-worlds-largest-airplane-for-400-million.html|title=The world's largest airplane is up for sale for $400 million|website=[[CNBC]] |date=14 June 2019}}</ref> Stratolaunch was sold and the new owner was identified in December 2019 to be [[Cerberus Capital Management]]. Stratolaunch continued to operate under new ownership.<ref name=gw20191211>{{cite news|url=https://www.geekwire.com/2019/exclusive-buyer-paul-allens-stratolaunch-space-venture-secretive-trump-ally//|title=Buyer of Paul Allen's Stratolaunch space venture is secretive Trump ally|date=2019-12-11|work=geekwire.com|access-date=2020-01-25}}</ref>

===Philanthropy ===
{{expand section|date=July 2017}}
In 2014, Vulcan Inc. partnered with Elephants Without Borders to secure a $7.3 million grant to conduct the [[Great Elephant Census]].<ref>{{cite web|url=https://mashable.com/2014/10/31/paul-allen-great-elephant-census/#f3Zc3zr9Wuq3|publisher=Mashable|title=How Paul Allen's $7 Million and Big Data Are Combating Africa's Elephant Crisis|date=October 31, 2014|access-date=May 9, 2018|archive-url=https://web.archive.org/web/20180510115251/https://mashable.com/2014/10/31/paul-allen-great-elephant-census/#f3Zc3zr9Wuq3|archive-date=May 10, 2018|url-status=live}}</ref> The census was designed to provide accurate and up-to-date data about the number and distribution of African elephants by using standardized aerial surveys of thousands of square miles. Prior to the survey, many countries had not conducted surveying flights in as many as 10 years. Dozens of researchers flying in small planes captured comprehensive observational data of elephants and elephant carcasses.<ref>{{cite web|url=http://www.greatelephantcensus.com/|title=Great Elephant Census|access-date=November 25, 2014|archive-url=https://web.archive.org/web/20141202120328/http://www.greatelephantcensus.com/|archive-date=December 2, 2014|url-status=live}}</ref> The census was completed in 2016, finding that elephant populations had declined by as much as 30 percent over the previous seven years as a result of poaching.<ref>{{cite web|url=https://www.geekwire.com/2016/paul-allen-great-elephant-census-decline-africa/|publisher=GeekWire|title=Paul Allen's Great Elephant Census Confirms Catastrophic Decline in Africa|date=August 31, 2016|access-date=May 9, 2018|archive-url=https://web.archive.org/web/20180510054211/https://www.geekwire.com/2016/paul-allen-great-elephant-census-decline-africa/|archive-date=May 10, 2018|url-status=live}}</ref>

In February 2016, Allen announced that Vulcan would donate $2 million in grants to stop the spread of the [[Zika virus]].<ref>{{cite web|url=https://www.geekwire.com/2016/paul-allen-zika-grants/|publisher=GeekWire|title=Paul Allen Giving $2 Million in Effort to Help Fight Zika Virus Outbreak|date=February 19, 2016|access-date=May 9, 2018|archive-url=https://web.archive.org/web/20180510053739/https://www.geekwire.com/2016/paul-allen-zika-grants/|archive-date=May 10, 2018|url-status=live}}</ref> Most of the funds went to mosquito control efforts in countries where the virus was quickly spreading, while the remainder was used to fund a diagnostic test.<ref>{{cite news|url=https://www.washingtonpost.com/news/to-your-health/wp/2016/02/19/philanthropist-paul-allen-announces-2-million-in-grants-for-zika-diagnostic-mosquito-control/|newspaper=The Washington Post|title=Philanthropist Paul Allen Announces $2 Million in Grants for Zika Diagnostic, Mosquito Control|date=February 19, 2016|access-date=May 9, 2018|archive-url=https://web.archive.org/web/20180630052757/https://www.washingtonpost.com/news/to-your-health/wp/2016/02/19/philanthropist-paul-allen-announces-2-million-in-grants-for-zika-diagnostic-mosquito-control/|archive-date=June 30, 2018|url-status=live}}</ref>

==References==
{{Reflist|30em}}

==External links==
{{Commons category|Vulcan Inc.}}
*{{Official website}}

{{Vulcan Inc.}}
{{Stratolaunch}}
{{Authority control}}

[[Category:Investment companies of the United States]]
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[[Category:American companies established in 1986]]
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